Agricultural financing – 7

Agricultural financing – 7

up to 3 years

Period

from 6%

Rate

State support for business entities and private individuals of the Kyrgyz Republic to facilitate the timely implementation of spring field works and further development of animal farming, crop farming, and agricultural cooperatives through the provision of accessible and subsidized lending.

 

Target audience:

Business entities and private individuals who meet the following criteria:

- registered and implementing their activities on the territory of the Kyrgyz Republic;

- engaged in economic activities for at least 6 (six) months in the field of crop farming, animal farming and agricultural processing;

- with positive credit history, if they have used  loans and loan products (financial leasing, bank guarantee and so on) before or are using them now;

- Priority in lending is given to business entities who are integrating a system of cluster production, organizing clusters and participating in value-added chains, taking into account specialization of rural regions.

Intended use:

This sector includes entities engaged in:

- cattle breeding, including yak breeding;

- breeding sheep, goats, horses, rabbits;

- raising poultry (chickens, ducks, geese, ostriches, quails and other agricultural birds);

- breeding honey bees, including production of honey and bee wax;

- fish farming and activities connected to fish nurseries and fish farms;

- breeding pigs.

Breeding stock includes the following:

-  cattle breeds (Ala Tau, Black-and-White, Aulie-Ata, Holstein, Jersey, Simmental, Ayrshire, Hereford, Dutch, Yaroslav, Kholomogory), yaks and horses;

- sheep (fine-wool, Tien Shan semi-fine wool, Alay and Merino).

 

Entities engaged in this sector should ensure all the necessary conditions for keeping and breeding farm animals, as well as for storing fodder during winter.

Priority is given to entities who signed agreements (contracts) with processing enterprises on the delivery of their produce.

Entities, who received a loan for buying animals, must provide a document from an authorized state body in the veterinary field on the identification of purchased animals within 3 months.

 

Loan currency: KG som

Loan amount:

from 3 000 to 3 000 000 KGS

up to 10 000 000 KGS for buying breeding stock

Interest rate: 10% per annum

- cultivation of grain crops;

- cultivation of industrial crops;

- cultivation of vegetables and melon crops;

- horticulture, nursery management;

- greenhouse management;

- cultivation of fruits and berries;

- development of the drip irrigation system;

- storage and warehousing.

 

To obtain a loan within the framework of this Project, crop farming entities must possess their own or leased agricultural land with a document, certifying availability of such land (certificate, lease agreement, sale and purchase agreement, etc.)

No limits are set for the maximum loan amount for entities in the crop farming sector.

 

Due to the specific and seasonal nature of the crop farming sector, business entities may receive loans on a priority basis.

Priority areas in this sector include funding export agricultural crops, greenhouse farms management and funding projects on the introduction of the drip irrigation system.

 

Loan amount: unlimited

Interest rate: 8% per annum

 

This sector includes:

 

- Processing agricultural produce (cereals, legumes, meat, hides, milk of cattle and small ruminants, etc.);

- Processing and canning of fish and fish products;

- Processing and canning of fruits, vegetables and berries;

- Production of vegetable and animal oils and fats;

- Production of fodder for farm animals;

- Manufacture of food products from agricultural produce (including secondary raw materials of agricultural produce), with the exception of manufacturing mineral water;

- Production of fertilizers and nitrogen compounds for agriculture;

- Packaging, storage and warehousing of agricultural produce, including vegetable storehouses;

- Slaughterhouses for farm cattle and poultry;

- Logistical centers for procurements, storage, transport and sale of agriculture produce.

 

Priority in this sector is given to entities:

- whose agricultural produce is export-oriented;

- who signed agreements (contracts) with local producers on the delivery of agricultural produce (raw materials).

 

Loan amount:

- up to 150 million KGS (enterprises with 20 job positions and more)  

- 10 million KGS (enterprises with up to 20 job positions)

Interest rate: 6% per annum

This sector includes:

 

- Processing agricultural produce (cereals, legumes, meat, hides, milk of cattle and small ruminants, etc.);

- Processing and canning of fish and fish products;

- Processing and canning of fruits, vegetables and berries;

- Production of vegetable and animal oils and fats;

- Production of fodder for farm animals;

- Manufacture of food products from agricultural produce (including secondary raw materials of agricultural produce), with the exception of manufacturing mineral water;

- Production of fertilizers and nitrogen compounds for agriculture;

- Packaging, storage and warehousing of agricultural produce, including vegetable storehouses;

- Slaughterhouses for farm cattle and poultry;

- Logistical centers for procurements, storage, transport and sale of agriculture produce.

 

Priority in this sector is given to entities:

- whose agricultural produce is export-oriented;

- who signed agreements (contracts) with local producers on the delivery of agricultural produce (raw materials).

 

Loan amount:

- up to 150 million KGS (enterprises with 20 job positions and more)  

- 10 million KGS (enterprises with up to 20 job positions)

Interest rate: 6% per annum

Management Board

Agro-Microloan

Period
up to 5 years
Rate
from 12%
Amount
up to 2 500 000 KGS

Agro-Small loan

Period
up to 5 years
Rate
from 11%
Amount
Up to 20 000 000 KGS

Agricultural financing – 7

Period
up to 3 years
Rate
from 6%
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Foreign Exchange Rates

Purchase Sale
USD 73.4000 74.1000
EUR 80.0000 83.0000
RUB 1.0300 1.0530
KZT 0.1500 0.2000
GBP 88.5000 93.0000
CNY 9.0000 12.0000
Purchase Sale
USD 73.0000 74.3000
EUR 79.0000 83.5000
RUB 1.0000 1.0800
KZT 0.1300 0.2050
GBP 82.0000 100.0000
CNY 8.0000 13.0000
FX rate
USD 73.7136
EUR 81.0776
RUB 1.0367
KZT 0.1786
GBP 89.6723
CNY 10.3151

Course listed on 01.06.2020

Exchange rates are valid for Bishkek city. Exchange rates are valid for an amount of up to $1000 (or equivalent in other currencies), rates for amounts above$1000 are contractual